Liberty 77 Fund Reports a $3.3 Million LGF Purchase

By Steve Strazza

July 31, 2024
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The most significant insider buy on today's list comes via a Form 4 filing by Liberty 77 Fund L.P.

The private equity firm revealed an additional purchase of $3,278,206 in Lions Gate Entertainment Corp $LGF.

The CEO of MaxLinear Inc $MXL, Kishore Seendripu, bought 108,303 shares, equivalent to $1.4 million of his own company’s stock.

Here’s The Hot Corner, with data from July 30, 2024:

240731_hot_corner_table

The president and CEO of Allegion plc $ALLE, as well as one of its directors, filed Form 4s disclosing a total purchase of $811,454.

ALLE has been building a massive base for the last four years.

The stock has been on fire, rallying 18% in a near-vertical line since the beginning of the month to the upper bounds of its range.

240731_hot_corner_alle

We think it’s only a matter of time before buyers absorb the remaining overhead supply and break Allegion out of this base.

Stay tuned. We'll be back on Thursday with more insider activity.

And please reach out with any questions. We love hearing from you!

 

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Steve Strazza

Chief Market Strategist, All Star Charts

Steve Strazza brings a unique perspective to the world of Technical Analysis due to his diverse background. Steve found an affinity for financial markets during his first job out of college as a big-4 CPA auditing some of Wall Street’s largest broker-dealers, such as Interactive Brokers and Morgan Stanley. Steve then worked in the Asset Management industry in a variety of roles including Controller for a private equity start-up, Fund Accountant at two large hedge funds, and most notably as a personal Accountant for Steve Cohen at SAC Capital and Point72.

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